While working at Sears 2 years ago, my parents put me as an authorized signer on their Sears card which had been open since 1973. By doing this, the card was reported on my credit record and this has given me a credit history length of 29 years. While this is a plus as I am only 20 years old, they were recently 30+ days late on a payment and my FICO slid a little over 50 points. I have since cancelled the card as I don't want this to happen again, but should I dispute this event as I was only an authorized signer or should I just accept the "Negative" to keep the long credit history. I'm afraid that disputing the late payment will cause CRA's to remove the account completely from my records. Is taking off 1 30+ late payment worth losing 29 years of "Pays as agreed"? Thanks, Branden.
<bump> great question. I have a similar TL. Why the hell does ONE 30 day late on an account automatically make it a "potentially negative account"?! I paid off an 11,000 loan PERFECTLY except for one payment! Makes NO sense. oops, sorry to hijack... back to bumping....
"AU"~NO CONTRACTUAL RESPONSIBILITY "I can not be held responsible for a payment I didn't make" "Please remove the 30 day late with-in 30 days"
Why the hell does ONE 30 day late on an account automatically make it a "potentially negative account"? I paid off an 11,000 loan PERFECTLY except for one payment! Makes NO sense. crowmom ------------------- It may not make sense but it makes a statement that Reporting and scoring is a flimflam.
